{"id":168226,"date":"2024-06-28T14:45:22","date_gmt":"2024-06-28T14:45:22","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168226"},"modified":"2024-06-28T14:47:10","modified_gmt":"2024-06-28T14:47:10","slug":"blackrock-highlights-bitcoins-role-as-a-hedge-against-global-risks","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blackrock-highlights-bitcoins-role-as-a-hedge-against-global-risks\/","title":{"rendered":"BlackRock Highlights Bitcoin’s Role as a Hedge Against Global Risks"},"content":{"rendered":"
TL;DR<\/p>\n
BlackRock has reaffirmed the value of Bitcoin<\/a> as an effective hedge against geopolitical uncertainty and monetary risks<\/strong>, according to Jay Jacobs, head of Thematic and Active ETFs at the company, in the first edition of BlackRock\u2019s Quick Download series. Jacobs noted that the digital assets industry is expanding rapidly and that investors have shown great interest in BlackRock’s IBIT BTC ETF since its launch.<\/p>\n Jacobs explained that Bitcoin<\/strong>, as a nascent asset, represents only one-tenth the size of the gold market<\/strong>, contributing to its high volatility<\/strong> and its different behavior compared to traditional stocks and bonds. This particular set of characteristics makes it an attractive option for those investors seeking potential protection against geopolitical and monetary risks<\/strong>, as well as for those who see a promising future for blockchain technology. However, he cautioned that it is crucial for investors to approach their moves with BTC carefully, considering both the risks and the potential returns of the asset.<\/p>\n Great chat with @Samaraepcohenon on the first edition of the Quick Download, diving into all things digital assets, including our IBIT Bitcoin ETP. — Jay Jacobs (@JayJacobsCFA) June 27, 2024<\/a><\/p><\/blockquote>\n\n
Since IBIT's launch, we've seen strong interest from both new and long-time digital asset investors. The key theme? Convenience. pic.twitter.com\/vyuNgqEoZq<\/a><\/p>\n